Vikran Engineering Limited has submitted a declaration to the stock exchanges confirming that its statutory auditors have issued an unmodified opinion on the audited standalone and consolidated financial results for the financial year ended March 31, 2026. The company addressed an inadvertent omission regarding this declaration, which is mandated under Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company had initially submitted the outcome of the board meeting along with the audited financial results to the exchanges on May 22, 2026. However, the specific declaration relating to the unmodified opinion was not included in that filing due to an oversight. The subsequent submission ensures compliance with the regulatory requirements by providing the necessary confirmation from the auditors.

Walker Chandiok & Co LLP, Chartered Accountants (ICAI Firm Reg. No. 001076N/N500013), served as the statutory auditors for the company. The declaration signed by Rakesh Ashok Markhedkar, Chairman and Managing Director, confirms the auditors' unmodified opinion on both standalone and consolidated financial statements for the specified period.

The correspondence was addressed to the Corporate Relationship Department of BSE Limited and the Listing Department of National Stock Exchange of India Limited. The filings were submitted from Thane, with the clarification dated July 15, 2026, and the declaration dated June 30, 2026.

Vikran Engineering has approved a corporate guarantee of up to ₹3,400 Crores and a promoter contribution of up to ₹1,160 Crores to support its wholly-owned subsidiaries. The Board of Directors sanctioned these measures on July 10, 2026, to facilitate credit facilities from banks and financial institutions for business operations and solar projects. The promoter contribution will meet project financing requirements and business needs through various instruments such as equity shares, unsecured loans, and debentures.

Corporate Guarantee Details

The Board approved the issuance of corporate guarantees aggregating up to ₹3,400 Crores in favour of its wholly-owned subsidiaries. This move aims to assist subsidiaries in availing credit facilities for the development and implementation of their respective business operations and solar projects. The Corporate Affairs Committee has been authorised to finalise the terms and conditions and execute necessary agreements.

Promoter Contribution Plan

In addition to the guarantee, the Board approved the infusion of promoter contribution of up to ₹1,160 Crores. This infusion will occur in one or more tranches into the company's wholly-owned subsidiaries. The contribution may be made via subscription to equity share capital, unsecured loans, Non-Convertible Debentures (NCDs), Optionally Convertible Debentures (OCDs), quasi-equity, or other permissible instruments.

Regulatory Disclosures

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corporate guarantee constitutes a contingent liability for the company, with no immediate impact expected unless subsidiaries fail to meet repayment obligations. The transaction with subsidiaries, being related parties, will be conducted on an arm's length basis.